10-Q Filing

NEOGENOMICS INC CIK: 1077183 Q3 2015

Filing Information

Form Type	10-Q
Accession Number	`0001564590-15-009957`
Period End Date	20150930
Filing Date	20151106
Fiscal Year	2015
Fiscal Period	Q3
XBRL Instance	neo-20150930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 62 Cash Flow Statement 58

Balance Sheet 66 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$4.18M	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$4.48M	USD	Point-in-time
Property and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$19.82M	USD	Point-in-time
Property and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$24.79M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$33.69M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$34.37M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.83M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$33.97M	USD	Point-in-time
Accounts receivable (net of allowance for doubtful accounts of $4,479 and $4,180, respectively)	`AccountsReceivableNetCurrent`	$20.48M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Accounts receivable (net of allowance for doubtful accounts of $4,479 and $4,180, respectively)	`AccountsReceivableNetCurrent`	$21.56M	USD	Point-in-time
Inventories	`InventoryNet`	$2.97M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	60.24M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	60.60M	shares	Point-in-time
Inventories	`InventoryNet`	$2.62M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	60.24M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	60.60M	shares	Point-in-time
Deferred income tax asset, net	`DeferredTaxAssetsLiabilitiesNetCurrent`	$821.00K	USD	Point-in-time
Deferred income tax asset, net	`DeferredTaxAssetsLiabilitiesNetCurrent`	$821.00K	USD	Point-in-time
Other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.14M	USD	Point-in-time
Other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.55M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$60.86M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$58.74M	USD	Point-in-time
PROPERTY AND EQUIPMENT (net of accumulated depreciation of $24,791 and $19,822, respectively)	`PropertyPlantAndEquipmentNet`	$15.90M	USD	Point-in-time
PROPERTY AND EQUIPMENT (net of accumulated depreciation of $24,791 and $19,822, respectively)	`PropertyPlantAndEquipmentNet`	$15.08M	USD	Point-in-time
INTANGIBLE ASSETS, NET	`FiniteLivedIntangibleAssetsNet`	$4.21M	USD	Point-in-time
INTANGIBLE ASSETS, NET	`FiniteLivedIntangibleAssetsNet`	$3.93M	USD	Point-in-time
GOODWILL	`Goodwill`	$2.93M	USD	Point-in-time
GOODWILL	`Goodwill`	$2.93M	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$129.00K	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$141.00K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$81.11M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$83.74M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$6.29M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$5.03M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$3.90M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$4.77M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$1.33M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$1.21M	USD	Point-in-time
Short-term portion of equipment capital lease obligations	`CapitalLeaseObligationsCurrent`	$4.20M	USD	Point-in-time
Short-term portion of equipment capital lease obligations	`CapitalLeaseObligationsCurrent`	$3.22M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$14.62M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$15.33M	USD	Point-in-time
Long-term portion of equipment capital lease obligations	`CapitalLeaseObligationsNoncurrent`	$5.74M	USD	Point-in-time
Long-term portion of equipment capital lease obligations	`CapitalLeaseObligationsNoncurrent`	$5.26M	USD	Point-in-time
Deferred income tax liability, net	`DeferredTaxLiabilitiesNoncurrent`	$821.00K	USD	Point-in-time
Deferred income tax liability, net	`DeferredTaxLiabilitiesNoncurrent`	$821.00K	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$6.56M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$6.08M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$20.70M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$21.89M	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES (SEE NOTE G)	`CommitmentsAndContingencies`	-	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES (SEE NOTE G)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $0.001 par value, (100,000,000 shares authorized; 60,598,616 and 60,242,818 shares issued and outstanding, respectively)	`CommonStockValue`	$61.00K	USD	Point-in-time
Common stock, $0.001 par value, (100,000,000 shares authorized; 60,598,616 and 60,242,818 shares issued and outstanding, respectively)	`CommonStockValue`	$60.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$79.75M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$82.26M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-19.41M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-20.47M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$61.85M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$60.41M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$83.74M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$81.11M	USD	Point-in-time

Income Statement 62 line items

Line Item	Tag	Value	Unit	Period
NET REVENUE	`SalesRevenueServicesNet`	$23.22M	USD	1 Quarter
NET REVENUE	`SalesRevenueServicesNet`	$25.13M	USD	1 Quarter
NET REVENUE	`SalesRevenueServicesNet`	$72.52M	USD	3 Qtrs
NET REVENUE	`SalesRevenueServicesNet`	$62.07M	USD	3 Qtrs
COST OF REVENUE	`CostOfServices`	$40.99M	USD	3 Qtrs
COST OF REVENUE	`CostOfServices`	$13.96M	USD	1 Quarter
COST OF REVENUE	`CostOfServices`	$32.83M	USD	3 Qtrs
COST OF REVENUE	`CostOfServices`	$12.92M	USD	1 Quarter
GROSS MARGIN	`GrossProfit`	$31.53M	USD	3 Qtrs
GROSS MARGIN	`GrossProfit`	$10.29M	USD	1 Quarter
GROSS MARGIN	`GrossProfit`	$11.17M	USD	1 Quarter
GROSS MARGIN	`GrossProfit`	$29.24M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$7.44M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$6.37M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$17.30M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$21.04M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$871.00K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$1.01M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$2.34M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$2.27M	USD	3 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$8.78M	USD	3 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$2.98M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$8.57M	USD	3 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$2.75M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$10.37M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$28.34M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$31.95M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$11.06M	USD	1 Quarter
INCOME (LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$-419.00K	USD	3 Qtrs
INCOME (LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$899.00K	USD	3 Qtrs
INCOME (LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$114.00K	USD	1 Quarter
INCOME (LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$-73.00K	USD	1 Quarter
INTEREST AND OTHER EXPENSE NET	`NonoperatingIncomeExpense`	$-623.00K	USD	3 Qtrs
INTEREST AND OTHER EXPENSE NET	`NonoperatingIncomeExpense`	$-239.00K	USD	1 Quarter
INTEREST AND OTHER EXPENSE NET	`NonoperatingIncomeExpense`	$-736.00K	USD	3 Qtrs
INTEREST AND OTHER EXPENSE NET	`NonoperatingIncomeExpense`	$-218.00K	USD	1 Quarter
INCOME (LOSS) BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-291.00K	USD	1 Quarter
INCOME (LOSS) BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$163.00K	USD	3 Qtrs
INCOME (LOSS) BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.04M	USD	3 Qtrs
INCOME (LOSS) BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-125.00K	USD	1 Quarter
INCOME TAXES	`IncomeTaxExpenseBenefit`	$20.00K	USD	3 Qtrs
INCOME TAXES	`IncomeTaxExpenseBenefit`	$78.00K	USD	3 Qtrs
NET INCOME (LOSS)	`NetIncomeLoss`	$85.00K	USD	3 Qtrs
NET INCOME (LOSS)	`NetIncomeLoss`	$-1.06M	USD	3 Qtrs
NET INCOME (LOSS)	`NetIncomeLoss`	$-291.00K	USD	1 Quarter
NET INCOME (LOSS)	`NetIncomeLoss`	$-125.00K	USD	1 Quarter
NET INCOME (LOSS) PER SHARE Basic	`EarningsPerShareBasic`	-	USD	1 Quarter
NET INCOME (LOSS) PER SHARE Basic	`EarningsPerShareBasic`	$-0.01	USD	1 Quarter
NET INCOME (LOSS) PER SHARE Basic	`EarningsPerShareBasic`	$-0.02	USD	3 Qtrs
NET INCOME (LOSS) PER SHARE Basic	`EarningsPerShareBasic`	-	USD	3 Qtrs
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	54.44M	shares	1 Quarter
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	60.54M	shares	1 Quarter
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	51.27M	shares	3 Qtrs
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	60.41M	shares	3 Qtrs
NET INCOME (LOSS) PER SHARE Diluted	`EarningsPerShareDiluted`	-	USD	1 Quarter
NET INCOME (LOSS) PER SHARE Diluted	`EarningsPerShareDiluted`	-	USD	3 Qtrs
NET INCOME (LOSS) PER SHARE Diluted	`EarningsPerShareDiluted`	$-0.02	USD	3 Qtrs
NET INCOME (LOSS) PER SHARE Diluted	`EarningsPerShareDiluted`	$-0.01	USD	1 Quarter
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	60.41M	shares	3 Qtrs
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	53.93M	shares	3 Qtrs
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	54.44M	shares	1 Quarter
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	60.54M	shares	1 Quarter

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$85.00K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-1.06M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-291.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-125.00K	USD	1 Quarter
Bad debt expense	`ProvisionForDoubtfulAccounts`	$1.85M	USD	3 Qtrs
Bad debt expense	`ProvisionForDoubtfulAccounts`	$2.04M	USD	3 Qtrs
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$89.00K	USD	1 Quarter
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$93.00K	USD	1 Quarter
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$200.00K	USD	3 Qtrs
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$283.00K	USD	3 Qtrs
Depreciation and amortization of property and equipment	`DepreciationAndAmortization`	$4.97M	USD	3 Qtrs
Depreciation and amortization of property and equipment	`DepreciationAndAmortization`	$3.94M	USD	3 Qtrs
Amortization of debt issue costs	`AmortizationOfFinancingCosts`	$66.00K	USD	3 Qtrs
Stock based compensation options and restricted stock	`ShareBasedCompensation`	$566.00K	USD	3 Qtrs
Stock based compensation options and restricted stock	`ShareBasedCompensation`	$1.59M	USD	3 Qtrs
Stock based compensation warrants	`ShareBasedCompensationOnWarrant`	$319.00K	USD	3 Qtrs
Stock based compensation warrants	`ShareBasedCompensationOnWarrant`	$173.00K	USD	3 Qtrs
Accounts receivable, net of write-offs	`IncreaseDecreaseInAccountsReceivable`	$2.93M	USD	3 Qtrs
Accounts receivable, net of write-offs	`IncreaseDecreaseInAccountsReceivable`	$-12.00K	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$582.00K	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$351.00K	USD	3 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-93.00K	USD	3 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$409.00K	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-39.00K	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-12.00K	USD	3 Qtrs
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities`	$2.00K	USD	3 Qtrs
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities`	$1.83M	USD	3 Qtrs
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$8.46M	USD	3 Qtrs
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$4.27M	USD	3 Qtrs
Acquisition, net of cash	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$5.83M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.72M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.68M	USD	3 Qtrs
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-1.68M	USD	3 Qtrs
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-8.55M	USD	3 Qtrs
Payments on credit facility, net	`ProceedsFromRepaymentsOfLinesOfCredit`	$-4.28M	USD	3 Qtrs
Repayment of capital lease obligations	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$2.63M	USD	3 Qtrs
Repayment of capital lease obligations	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$2.91M	USD	3 Qtrs
Issuance of common stock for cash, net of transaction expense	`ProceedsFromIssuanceOfCommonStock`	$34.43M	USD	3 Qtrs
Issuance of common stock for the exercise of options, warrants and ESPP shares	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$599.00K	USD	3 Qtrs
Issuance of common stock for the exercise of options, warrants and ESPP shares	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$2.10M	USD	3 Qtrs
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-2.31M	USD	3 Qtrs
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$29.62M	USD	3 Qtrs
NET INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$277.00K	USD	3 Qtrs
NET INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$29.53M	USD	3 Qtrs
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$33.69M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$34.37M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$4.83M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$33.97M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$33.69M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$34.37M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$4.83M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$33.97M	USD	Point-in-time
Interest paid	`InterestPaid`	$672.00K	USD	3 Qtrs
Interest paid	`InterestPaid`	$770.00K	USD	3 Qtrs
Income taxes paid	`IncomeTaxesPaid`	$20.00K	USD	3 Qtrs
Income taxes paid	`IncomeTaxesPaid`	$170.00K	USD	3 Qtrs
Equipment leased under capital lease obligations and equipment loans	`CapitalLeaseObligationsIncurred`	$4.82M	USD	3 Qtrs
Equipment leased under capital lease obligations and equipment loans	`CapitalLeaseObligationsIncurred`	$4.38M	USD	3 Qtrs

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.